Author Question: A few decades ago, there were hardly any Subway restaurants in India. Now, they are present in ... (Read 111 times)

Lisaclaire · **on:** Jun 29, 2018

A few decades ago, there were hardly any Subway restaurants in India. Now, they are present in almost every big city. This is an outcome of:

A) fair trade union practices.
B) traditionalism.
C) the protectionist policies adopted by the Indian government.
D) globalization.

Question 2

Objects in and of themselves have no costs. Lunches are an object, so they presumably have no cost. Yet we often hear economists say, There is no such thing as a free lunch. Are economists being inconsistent?

A) It is impossible to tell.
B) Yes, if the statement implies lunch actually has a cost.
C) No, if the statement implies the decision to offer lunches free of charge entails the sacrifice of scarce resources, which could have served other useful purposes.
D) Both B and C are true.